| 答案如下 Which of the following is NOT a component of M1?A) Currency (coins & paper).
 B) Travelers' checks.
 C) Checkable deposits maintained in depository institutions.
 D) Savings deposits
 Your answer: D was correct!
 Savings deposits are part of M2. M2 equals M1 plus savings deposits and time deposits less than $100,000 held in depository institutions plus money-market mutual fund
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